Bonus Culture Corrodes U.K. Economy

By

Alen Mattich

Dec 20, 2012 12:38 pm GMT

Is the bonus culture the source of the U.K.’s economic woes?

That’s what economist and pensions consultant Andrew Smithers thinks. The bonus culture, he has argued through various notes to clients, is at the root of the British economy’s relatively high inflation, low investment and poor productivity.